Tagged: atom bank

May 28, 2021 @ 5:12 pm By Samantha Hurst  |  

  Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the U.S. and parts of Europe, announced on Friday it has teamed up with Atom Bank to provide £300 million of new funding to small businesses. Through the collaboration, Atom will use… Read More

April 9, 2021 @ 7:46 am By Omar Faridi  |  

UK-based mobile banking platform Atom Bank has revealed that its £40 million raise is being led by Toscafund Asset Management LLP and BBVA. As the bank aims to reach profitability, the £40 million raise includes “an offer to participate for qualifying shareholders in new ‘A’… Read More

February 25, 2021 @ 9:30 pm By Samantha Hurst  |  

Atom Bank, a UK-based mobile bank, announced on Thursday is to set to raise £40 million from existing shareholders as it moves to profitability from its mortgage and business lending within a year and to IPO the year after. As previously reported, Atom Bank claims… Read More

June 18, 2020 @ 10:26 am By JD Alois  |  

Thought Machine and Regtech TruNarrative have partnered to bring identity verification, risk monitoring, and cloud-native core banking to digital bank Atom bank, according to a post by the company. The partnership is described as enabling Atom to use the TruNarrative platform to conduct a suite… Read More

May 6, 2020 @ 7:31 am By JD Alois  |  

The British Business Bank has announced nine new lenders for accredited under the Coronavirus Business Interruption Loan Scheme (CBILS), bringing the total number of CBILS lenders to over 60, according to a release. The new lenders include: Assetz Capital, Atom bank, Ebury, Fleximize, Investec, Social… Read More

January 7, 2020 @ 10:15 am By JD Alois  |  

The former CTO and co-founder of Atom Bank, Paul Hanks, has joined Australia based DayTek Capital as a Technology Advisor. DayTek Capital reports that it is on track to launch “Infinity” within the first 6 months of 2020. Infinity seeks to become the first “product-disruptive… Read More

November 7, 2019 @ 6:38 am By Omar Faridi  |  

London-based Thought Machine, a Fintech firm that aims to address the banking sector’s dependence on legacy IT infrastructure, revealed on November 6 that it’s launching “Vault Rare.”  Vault Rare is a new product that will be integrated on top of Thought Machine’s cloud-native banking platform,… Read More

August 14, 2019 @ 12:45 pm By JD Alois  |  

The Board of the  Banking Competition Remedies Ltd (BCR) has announced the awards of the “Capability and Innovation Fund Pool C.” This Fund is designed to “facilitate the expansion of business offerings to include lending or payments services to SMEs in the UK or international… Read More

July 22, 2019 @ 9:31 am By Samantha Hurst  |  

UK-based digital banking group Atom Bank announced on Monday it secured £50 million through its latest investment round, which included participation from BBVA, Toscafund, Woodford Patient Capital Trust and funds advised by Perscitus LLP. “Atom continues to be a fast-growing challenger in the UK’s lending… Read More

June 3, 2018 @ 1:50 pm By Samantha Hurst  |  

On Friday, BBVA announced it has completed the £85.4 million investment into Atom, which was announced in March of this year. According to the firm, With this transaction, it increases its stake in UK’s first bank built exclusively for smartphone or tablet to 39%. Atom also secured capital… Read More

September 3, 2017 @ 8:16 am By JD Alois  |  

Timelio, an online invoice financing marketplace operating in Australia, has received the backing of Anthony Thomson – a leading Fintech entrepreneur who is founder and Chairman of Atom Bank and founder and former Chairman of Metro Bank. Both Atom Bank and Metro Bank have positioned… Read More

February 3, 2017 @ 12:51 pm By JD Alois  |  

Atom Bank, a digital only challenger bank unencumbered by antediluvian legacy technology and a culture the fears change, is part of the emerging sector of Fintech poised to kick brick & mortar banks to the curb. Receiving a UK banking license for their virtual operation in… Read More

October 26, 2016 @ 6:30 am By JD Alois  |  

Atom Bank has filed a Reg D, 506b, notice of an exempt offering with the Securities and Exchange Commission.  According to the document, Atom Bank is seeking approximately $124 million in equity capital. The digital only challenger bank is working with Macquarie Capital USA on the… Read More

February 25, 2016 @ 2:06 am By Midori Yoshimura  |  

UK investment for financial technology (FinTech) firms increased by 35 percent to $901M across 72 deals, according to statistics compiled through PitchBook by Innovate Finance, the not-for-profit membership association for global FinTech. The rise in UK investment was led by large funding rounds from Funding… Read More

November 24, 2015 @ 12:02 pm By JD Alois  |  

The  future of banking is almost here and Atom Bank, a digital only platform, has just received a solid £45 million investment from BBVA. The capital injection will give BBVA a 29.5% ownership stake in Atom. According to Atom, this completes the company’s £85 million… Read More

June 24, 2015 @ 9:09 am By JD Alois  |  

  “A Branch-free, Paper-free and Stress-free Bank” The traditional banking industry has been rather slow to innovate.  Hundreds of years of operating branches, with tellers, is a hard thing to change.  It is also a costly and inconvenient business structure in a world where everything… Read More

March 30, 2015 @ 9:38 am By Erin Hobey  |  

The investment in the peer-to-peer lender RateSetter, from veteran investment banker, Ken Costa, Woodford Investment Management and Artemis, places confidence in the nascent UK P2P and crowdfunding industry. Costa also led a £25m investment in the online-only challenger bank, Atom Bank, late last year. The £20… Read More